Do you own an unwanted house and need to sell quickly?
DOES THIS SOUND LIKE YOU?
- LATE On Your Payments?
- Currently in FORECLOSURE?
- Have a Property in POOR CONDITION aka an UGLY HOUSE?
- Haven't Been Able To Get It Sold In The Past?
- Making DOUBLE PAYMENTS?
- Going through a divorce?
- Job transfer or new job opportunity?
- 100% Financed?
- Health Issues causing you to not be able to make your payments?
- Just Need to Sell FAST?
These are common problems that can happen to anyone. I buy houses from people in situations just like yours, in any area, any condition, or price rage. I specialize in finding creative solutions to your real estate problems that others will not touch. I can quickly close with no hassles, no commissions and I will handle all of the paperwork.
Rarely do these problems just go away. Call NOW! Let’s find a solution that will work for you. YOU will be surprised at the options YOU have.
CALL MELANIE WESEMAN FOR A FREE CONSULTATION TO DISCUSS:
- I can pay cash for your home
- I can list your home to get it sold quickly
- I specialize in short sales (negotiating with the banks to take a lower price for your home than what is owed in order to get you out of your mortgage. You would not be responsible for the difference.)
- Get a new loan
- Lease Option the property
Client Recommendation:
The McCoveys: When Melanie came to us, we were desperate. She gave us the moral support and compassion that we needed desperately. She guided us through the foreclosure process and helped us see what our options were. We listed our home with her to do a short sale. We also were referred to DebtStoppers to help us with our credit card issues. She has been a support to us even after the process was done. She still keeps in contact with us to see how we are doing. I would recommend her services to anyone. She is honest and straightforward.
Foreclosure Facts:
Fact: 90% of all homes in foreclosure return to the bank.
Fact: If you pay off the past due amount or the entire amount of the loan within 30 days of starting the foreclosure process, your credit will only show late payments.
Fact: If your home returns to the bank, it will take many years to repair your credit and purchase another home.
Don’t become another statistic. Call Melanie Weseman today for a free consultation!!!
Bankruptcy?
Why was it invented?
Since its inception, the bankruptcy code was designed for one purpose, to help relieve Americans from the shackles of endless and unmanageable debts. Before the bankruptcy code came about, people went to debtor's prison. We all know we can't pay many bills while in jail. So the law was written to give people a way out with a fresh start.
The Price you pay.
Aside from the attorney fees of up to $1500.00, and appearances in court, bankruptcy is not a pleasant experience. The filing becomes a matter of public record and the mark stays on your credit file for 10 years. The mark proclaims to the world, "I had to rely on the court's protection from my creditors. I was unable or unwilling to find another solution." This is why lenders are concerned when they see this notation. It makes borrowing in the future a bigger challenge and rates are higher for as long as they hold it against you.
When bankruptcy makes sense.
When you have exhausted every avenue possible, and you simply cannot make your payments, it may be time to consider the protection from the court. The filing of a bankruptcy will stop a foreclosure in its tracks. The mortgage company must cease all collection and legal activity by law. In a chapter 13, a trustee is appointed who will disburse funds from your pay to go to all of your creditors in a plan that you can afford. You will pay your mortgage payment each month as you did before you ran into trouble, with no increase to the payment. The pay plan will continue for 3 to 5 years depending on the amounts behind.
We are not a law firm. These guidelines are not to be construed as legal advice or the practicing of law.
I am a professional real estate investor and agent. I have lived and worked in the Colorado Springs area for almost 5 years with my husband and children. I have high moral standards, integrity, and honesty. My primary goal is to assist you in providing a win-win situation for everyone involved. In the past 20 years I have bought and sold homes and duplexes, purchased investment properties, bought foreclosure properties to fix up and resell again, worked with banks to accept a short sale, and assisted sellers in quickly getting out from under mortgage payments.
Call me for a no obligation consultation to discuss your options. What have you got to lose, except for a few minutes time?
The Foreclosure Process
Foreclosure Process Prior to Sale
After the required documentation is received by the Office of the El Paso County Public Trustee, the Public Trustee files a Notice of Election and Demand with the Clerk and Recorder. The foreclosure sale is set between 45 and 60 days after the date of the Notice of Election and Demand. The foreclosure sale is published in a general circulation newspaper for five consecutive weeks.
The combined Rights to Cure and Redeem and a copy of the published sale notice are mailed to each individual on the mailing list provided by the foreclosing attorney.
Before the sale, the owner of the property has an opportunity to cure the default on the property by filing an Intent to Cure with the Public Trustee's office. The intent to cure must be filed 15 days prior to the sale. We cannot accept late intent forms without the permission of the foreclosing party. The owner must cure the default on the property by 12 noon on the day before the foreclosure sale.
Often, a property will not go to sale on its originally scheduled date because the foreclosing attorney has not filed a bid or because an owner has filed bankruptcy. Filing of a bankruptcy by the owner of the property stops the foreclosure until the automatic stay is lifted, the bankruptcy by the bankruptcy court abandons the property, or the bankruptcy case is dismissed or closed. The foreclosure sale date extends week to week until the Bankruptcy Court takes action.
A property that has not gone to sale on its originally scheduled date is listed as being continued. A list of properties that are being sold or continued is published each Wednesday morning by our office. A property can be continued for up to six months by the foreclosing attorney at which time the attorney must withdraw the foreclosure. Properties that are part of a bankruptcy proceeding can be continued indefinitely.
Foreclosure Sale Process
The foreclosing lender must produce a written bid no later than noon on the Tuesday before the Public Trustee sale. If a written bid is not received from the lender for a property set for sale, then the property is continued for at least one week. Bids are announced by 8 a.m. on Wednesday morning on our weekly sale list located on our web site at put.elpasoco.com.
Parties interested in bidding must bid $50 over the lender's bid, which is read aloud at the time of sale. The bidding is competitive and done orally with the highest bidder winning.
A Certificate of Purchase is issued to the highest bidder. Successful bidders must present cash or certified funds by 1 p.m. on the date of the sale for the exact amount of their bid. A duplicate Certificate of Purchase is recorded with the El Paso County Clerk and Recorder within ten days of the sale. The interest under the Certificate of Purchase is fully assignable.
After the Foreclosure Sale
An owner has 75 days after the sale to redeem his property. If the property is agricultural, this redemption period is extended to six months. An owner intending to redeem his property needs to file a written intent to redeem by day 60 of the owner redemption period. We cannot accept late intent forms without the permission of the foreclosing party.
The Public Trustee will then obtain a redemption amount which will be for the amount that the property was sold for at sale, per diem interest at the default rate of the note, and any other expenses allowed by law. An owner must present the redemption amount in cash or certified funds to the Public Trustee by the close of business on the final day of redemption. The Public Trustee cannot accept late redemption proceeds.
In an owner redemption, the sale is annulled and the owner retains title to the property subject to all liens and encumbrances of record except for the deed of trust that was foreclosed upon (the owner has paid off this deed upon redemption).
For junior lienholders, the redemption period begins after the owner redemption period has expired. The first junior lien holder has ten days to redeem the property and each subsequent junior lien holder then has five additional days to redeem the property.
Intents to redeem by a junior lien holder must be filed with the Public Trustee by day 60 of the owner redemption period. In junior lien holder redemptions, the junior lien holder must have a recorded interest in the property prior to day 60 of the owner redemption period. There is $50 fee to file an intent to redeem and the junior lien holder must present a copy of the recorded interest in the foreclosed property.
If there is an Internal Revenue Service (IRS) lien against the property, the IRS must file an intent to redeem with our office and must follow the junior lienholder redemption process outlined in the state statutes. The IRS also has a 120-day federal redemption right which begins on the last day of the owner redemption period. If the IRS redeems under federal law, the Public Trustee's office is not involved in this redemption (i.e., issuing a certificate of redemption). If the United States Government has a lien on the property (Small Business Administration or U.S. Treasury-not IRS), then the U.S. government is granted a one year redemption period and does not have to file an intent to redeem with the Office of the Public Trustee.
A redeeming lien holder must present the redemption amount in cash or certified funds to the Public Trustee by the close of business on the final day of his redemption period. The Public Trustee cannot accept late redemption proceeds. A certificate of purchase holder may pass on certain expenses to a redeeming lien holder. A junior lien holder may only include the expense of insurance for the days that he holds the property.
A Certificate of Redemption is issued to the party redeeming the property from the foreclosure. This redemption interest is fully assignable.
A Public Trustee's Deed is issued to the holder of the Certificate of Purchase if there has been no owner redemption and no other intents to redeem were filed or the Public Trustee's Deed is issued to the last redeeming junior lien holder after the expiration of all redemption periods.
In both instances, title vests free and clear of all liens and encumbrances junior to the foreclosed lien excepted omitted parties--parties that were not notified of the foreclosure but who have an interest in the property.
Frequently Asked Questions
Q: How does the process work?
A: It's simple. You fill out the form below giving me some basic info about your home. If it looks like your situation is something I can assist you with, I will contact you to discuss the property. The worst that can happen is that you take a bit of your time exploring the opportunity.
Q: Is this a scam?
A: No. I could get in a lot of trouble if it was! I am a real estate investor that specializes in non-traditional approaches to real estate.
Q: Do I only buy/list houses? What about condos, townhouses...?
A: I buy/list houses, condominiums, townhouses, duplexes, triplexes, fourplexes, office buildings, land, lots, apartment buildings and/or any structure that has a deeded lot with it.
Q: If I fill out the form, am I obligated to anything?
A: There is no obligation whatsoever. The only time you would be obligated to anything is if you enter into a contract with me. Then it becomes like any normal real estate transaction.
Lenders:
Neighborhood Lending
Kim Gilbertson
1920 Vindicator Dr #112
Colorado Springs, CO 80919
719-260-9848
AP Mortgage
Kendra Barton
1235 Lake Plaza Dr #230
Colorado Springs, CO 80906
719-219-0791
Attorneys:
William Speers
Bankruptcy, divorce, family law, and wills/probate law
411 S Tejon
Colorado Springs, CO 80903
719-634-2218
Investors - Wholesale Homes
Buy properties up to $50,000 below market prices! These homes do not show up on the MLS and are available only through Investar. Our company handles 100-150 foreclosure/distressed properties a year. They are located in and around Colorado Springs. Properties are sold "As Is" and most of the properties need some work done to them. It can be as simple as paint and carpet or as challenging as new kitchens/bathrooms. We can provide referrals for you on any type of job you need done.
We can also help you with the financing. We work with several loan companies that have done LOTS of investor loans. Loan programs will allow for a 95% loan to value rate. That means you only need 5% down for these properties. Financing is also available for 100% if you are going to live in it!
Give us a call at 719-338-5123 or 719-494-0760 for a current list of available properties. They sell quickly (usually within a few days), so call today!!
Examples of previous homes sold:
- Fountain area: 2 bedroom/2 bath home for $99,000. Valued at $130,000 when fixed up.
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Central area: 3 bedrooom/1 bath home for $107,000. Valued at $137,000.
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Village 7 area: Bilevel with 4 bedrooms/2 baths for $33,000 below market value. Price is $142,000.
DebtStoppers is a non-profit, non-denominational 501(c)3 Christian ministry, and consumer credit counseling agency. We provide free counseling as well as debt consolidation to help people who want to put a stop to debt & credit problems. We help people dealing with any of the following; excessive debt, late payments, poor credit, creditor harassment, reduced wages or poor spending habits. We work with almost all types of consumer debt including credit cards, payday loans, medical bills, signature loans, financed retail purchases, etc. DebtStoppers can help people get out of debt up to 10 times faster than other alternatives, and can help people avoid bankruptcy. We serve all communities throughout Colorado and are a member of the Pike’s Peak Better Business Bureau (BBB).
